Titlebook: Capital Returns; Investing Through th Edward Chancellor Book 2016 The Editor(s) (if applicable) and The Author(s) 2016 Economists.policymak

痛恨

戲法

注意力集中

Management Mattersa at the firm: namely, Buffett’s observation that “after ten years on the job, a CEO whose company retains earnings equal to 10 per cent of the net worth will have been responsible for the deployment of more than 60 per cent of all capital at work in the business.” What this means is that investors

Allergic

Accidents in Waitingnce. The true answer — one which the Queen presumably was not supplied with — is that economists had developed a deeply flawed paradigm for how the economy operates. Economists posited a world of equilibrium and rationality, in which money and the operations of finance were essentially inert. This a

Junction

欺騙手段

Hdl348

Inside the Mind of Wall Street hot areas of the stock market and generating fees from dubious financial engineering. Both these activities have always struck us as inimical to the interests of long-term shareholders. From the perspective of a bemused buy-side onlooker, it was clear to us that the typical Wall Street banker durin

革新

Agronomy

CHANT